Ohioans receive insurance refunds
by Associated Press Wire
August 04, 2014 12:04 AM | 493 views | 0 0 comments | 6 6 recommendations | email to a friend | print

Federal officials say about 35,000 Ohioans will benefit from more than $1.2 million in refunds from insurance companies because of a provision in President Barack Obama’s health care law.

The U.S. Department of Health and Human Services released the figures last month.

The law requires insurance companies to spend at least 80 percent of the premiums they collect on medical care and quality improvement, or return the difference to consumers and employers.

Residents could see the money come back in one of several ways.

Employers can apply rebates in a way that benefits workers or take a discount on future premiums. Individual policyholders owed a rebate will either get a check, a reimbursement to their credit or debit card account or see a reduction in future premiums.



Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides